Founder-Hexpertify.c... • 1y
“Pump and Dump stock Price Scheme ” Big Fat Corporate Scandal #4 Satyam Computers Scam Satyam Computers was founded by Ramalinga Raju as software development and IT consulting company in 1987.The company was listed on both the Indian stock exchanges and the New York Stock Exchange. The company’s revenues were overstated by fake invoices, profits were inflated by manipulating expenses,Cash balances and bank deposits were fabricated, creating a false impression of liquidity and financial health,liabilities were understated, and loans were taken without proper disclosure. The motive of this scam is to maintaining the company’s stock price.In 2009 Raju admitted inflating the company’s financial statements of approximately ₹7,000 crore he claimed that the fraud was out of control and was unable to cover it up any longer.Raju was sentenced to seven years in prison for commiting fraud. In 2013 Tech mahinda acquired Satyam Computers.
CEO of @EliteSS | In... • 5m
"ESOPs (Employee Stock Ownership Plans) empower employees by giving them a stake in the company’s success. 💼✨ They foster loyalty, boost motivation, and create wealth for employees while aligning their goals with the company’s growth. A win-win for
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540 Indians Rescued fron Cyber Fraud Racket: These Indian nationals were lured with fake job offers and sold to cyber fraud cafes in Thailand, Cambodia, Laos, and Myanmar. About 540 Indians lured into a cyber crime network with fake job offers have
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“Modi’s 2 Billion Dollar Scam” Big Fat Corporate Scandal #3 Nirav Modi’s PNB loan Scam Nirav modi is a prominent jeweler with global presence.Punjab National Bank officials at a Mumbai branch colluded with Nirav Modi and his uncle Mehul Choksi to i
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How to Make Billion Dollar by scamming people ? Big Fat Corporate Scandal #2 The Harshad Mehta Scam Harshad is a Indian Stock Broker involved exploiting the banking system to manipulate the stock market.Mehta found a loop hole in the banking system
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